Robert Knight: Debt's All, Folks
ACRU Senior Fellow Robert Knight wrote this column appearing on Townhall.com on April 14, 2010.
What with the bailouts, the stimulus, and now the government health care takeover, we’re being told that we face $1 trillion annual deficits for the indefinite future, with a $12 trillion to $20 trillion debt by 2020. In February, Congress raised the federal debt limit to $14.3 trillion. That’s bad.
But it’s only the beginning. Does anyone seriously think the current spending binge is all we can expect from this Porky Pig Congress? Programs are sprouting like crabgrass. The horrifying numbers we are now hearing about future deficits reflect projections […]

